Amwins SRU unveils exclusive executive D&O liability offering
Amwins’ MGA Special Risk Underwriters (SRU) has entered the professional lines segment with an exclusive program for its brokers focusing on excess D&O liability, offering limits up to $5mn across a range of target classes.
Written on AM Best A- (VIII) rated paper and supported by a panel of capacity including A+ paper, the non-admitted program will consider excess public D&O risks as well as excess private or not-for-profit risks, including standalone D&O or blended D&O, employment practices liability (EPL) and fiduciary liability risks with a shared limit in conjunction with the D&O.
Excess coverages for public and private companies include D&O liability, D&O side A and difference in conditions, EPL and fiduciary liability.
Target classes include manufacturing, professional services, technology, financial/insurance, energy, retail, transportation, aerospace and entertainment.
SRU is Amwins’ in-house MGA that provides exclusive products that are only available through its own wholesale brokers.
Commenting on the launch of the new program, SRU president and Amwins CUO Mark Bernacki said: “We believe our reputation for quality underwriting has enabled this growth, and we look forward to strengthening our existing relationships with our brokers going forward.
“Our focus on providing exclusive access to management liability capacity will position our partners for continued success.”
Scott Misson, executive vice president of SRU’s management and professional liability group, said the product was being launched at a time when the D&O market is stressed and continues to evolve.
“We thrive on collaborating with our partners to give them a competitive edge and look forward to delivering levels of service and expertise that stand out from the crowd,” he commented.